Equity Partners Infrastructure Company No.1 Limited (“EPIC”) is pleased to announce that an order matching service for EPIC shares will soon be available for investors who wish to sell or purchase EPIC shares.
This service will be provided by Sharemart NZ Limited (“Sharemart”) a wholly owned subsidiary of Computershare Investor Services Limited. It will replace the order matching service currently provided by Macquarie Equities New Zealand Limited.
The order matching service is expected to be available following the allotment of EPIC shares under EPIC’s current rights issue and general offer (“Offer”). Allotment of shares under the Offer is anticipated to occur on 2 October 2009 (although in certain circumstances allotment may be deferred until 1 December 2009).
Once the service is available, investors who wish to buy or sell EPIC shares will be able to do so by callingSharemart on 0800 50 50 06. Sharemart staff will be able to advise callers of the price at which the last sale of any EPIC shares was effected through Sharemart, and the range of current offers and bids. A caller could accept an existing offer or bid or could leave their offer/bid to be matched later.
Offers and bids will be matched electronically and both parties then notified of the details by mail. The transaction will be completed by the buyer mailing in their cheque and the seller their share certificate. A service fee will be payable to Sharemart for each trade by both the buyer and seller. Details are available from Sharemart. No part of that fee will be paid to EPIC.
EPIC will complement this order matching service with investor communication through EPIC’s website at www.epam.co.nz. Subject to any confidentiality obligations applicable to EPIC or any of its subsidiaries,
this communication will include:
- information on the performance of EPIC’s underlying investments; and
- related articles and reports which EPIC considers investors may find useful.
EPIC is also actively considering other ways in which it can assist with providing liquidity for EPIC shares following allotment of shares under the Offer. These measures could include a share buyback programme which would allow the company, subject to complying with the Companies Act, to acquire shares, as and when considered appropriate. Any such buyback programme will not, however, be funded from the proceeds of the Offer. Investors should note that there is no assurance that any buyback programme will be implemented, or that any such measures including the Sharemart order matching service, will provide liquidity for EPIC shares.
For further information on the allotment date and the Offer, please see the combined prospectus and investment statement relating to the Offer dated 14 August 2009. A copy can be obtained from your financial adviser, by calling Macquarie on 0800 742 737 or from www.macquarie.co.nz.
Neither Macquarie Equities New Zealand Limited (“MENZ”) nor any Macquarie Group company other than Macquarie Bank Limited ABN 46 008 583 542
(“MBL”) are an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Australia), and their obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of MENZ or any other Macquarie Group company. Neither MENZ nor any member of the Macquarie Group of companies is registered as a bank in New Zealand under the Reserve Bank of New Zealand Act 1989. MBL is a company incorporated in Australia and authorised under the Banking Act 1959 (Australia) to conduct banking business in Australia.